Losses at the troubled Cyprus Airways Group reached CYP 6.82 mln (EUR 11,66 mln) in the first six months of this year, compared to a significantly higher loss of CYP 23.32 mln
The value of building permits authorised in Cyprus continues to rise even while the number has fallen. According to the last figures from the Statistical Service, the number of building permits authorised
Industrial production in Cyprus rose by 4.5% over the year earlier in June, as the index of industrial production reached 124.3 (Base 2000=100), compared with 119 in June 2006. For manufacturing, the
Turnover in the Cyprus shipping sector rose by 8.5% year on year in the first half of 2007 if one extrapolates from transport data. According to the Statistical Service, the turnover index
Hellenic Bank and Marfin Popular Bank announced record profits for the first half of the year, exceeding stock market expectations by nearly 170%. Hellenic Bank Group recorded profits of EUR 70,3 mln
Cyprus has sent the largest firefighting mission of firemen and volunteers to Greece, to combat the huge blazes that have reduced vast expanses of the country to ashes over the past few
Capital Intelligence (CI), the international emerging markets rating agency, has raised the foreign currency rating for Qatar Islamic Bank (QIB) to A- from BBB+ (long-term) and A2 (short-term), while the financial strength
Moody’s Investors Service believes that the prospects for the markets in Sukuk, or Islamic bonds, and Islamic financing in general are very encouraging in Asia, and this outlook goes beyond predominantly Muslim
Motorola subsidiaries Symbol Technologies, Inc. and Wireless Valley Communications, Inc., have filed a patent infringement lawsuit against Aruba Networks, Inc. The lawsuit, filed on August 27 in the U.S. District Court for
Germany’s CompuGroup Holding AG announced that the company, acting through its wholly-owned subsidiary CompuGroup UK Limited, will not increase its cash offer, announced on July 20 of 66 pence per share for
